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Spot Bitcoin ETFs witnessed a net inflow of $247 million for the first time a week. This divergence in fund flows was particularly evident among the other nine ETFs, excluding Grayscale, which collectively saw a net inflow of $467 million. Data from SoSo Value shows that BlackRock’s ETF IBIT recorded a single-day net inflow of $299 million, constituting 64% of the total net inflow s this week.  Bitcoin ETF net inflow | Source: SoSo Value You might also like: Ripple’s co-founder confirms $113m theft, XRP down 5% However, Grayscale’s Bitcoin Trust (GBTC) reported a substantial net outflow of $220 million in a contrasting development. Grayscale transferred 2,682 BTC, valued at approximately $114 million, to the address of Coinbase Prime Deposit. Additionally, the firm moved 5,281 BTC to a new address, speculated to be Grayscale’s updated custody address. The transactions could indicate a significant restructuring in Grayscale’s asset management strate...

Transaction volume on the Solana network crossed $1 trillion in January, a multi-year high. According to The Block’s dashboard, transaction volume is up 30% from December 2023, at $738.8 billion. Online transaction volume has hit a record high since September 2022, at $1.55 trillion. Source: The Block Experts note that the growth in blockchain activity is significantly higher than in 2023 and through much of 2022. For example, in September 2023, transaction volume on the Solana network reached a low of $40 billion. In January, the number of registered addresses on the Solana blockchain reached a multi-month high. This month, the number of new Solana addresses exceeded 10 million, the highest figure since May 2022, when the number of addresses was 11.72 million. In addition, the naive token Solana (SOL) has shown steady growth. Over the past week, the asset price has increased by about 12%. At the time of writing, the cryptocurrency is trading at around $98. ...

AI integration within cryptocurrency protocols offers efficiency and scalability, a promising application. Using AI as an interface introduces complexity and risk, requiring cautious development. Decentralized, trustworthy AI for cryptocurrency presents challenges but holds potential for enhanced functionality and safety. In a recent exploration of the intersection between cryptocurrency and artificial intelligence (AI), Ethereum co-founder Vitalik Buterin delves into the complex relationship between these two technological frontiers. Through a comprehensive blog post, Buterin outlines four ways AI could potentially integrate with cryptocurrency platforms, from acting within protocols to serving as the end goal. His Analysis sheds light on both the promising prospects and the inherent challenges accompanying the fusion of these technologies. The promise and challenges of crypto + AI applications:https://t.co/ds9mLnshLU — vitalik.eth (@VitalikButerin) J...

An analyst predicted that SOL will rise to $333 while LINK will jump as well. Should SOL breach $108.53, the price could rise to $150 in the short term. LINK’s 4-hour chart indicated that buyers outpaced sellers. According to Captain Faibik, a technical analyst, participants holding altcoins should be patient. In his post, Faibik noted that the altcoin market could soon reach bullish levels. In two other posts, the analyst mentioned two of the altcoins with immense bullish potential. First, it was Solana (SOL), and the second one was Chainlink (LINK). SOL to $333? According to Faibik, SOL could be on its way to $333. He defended his point by sharing a 3-day chart showing SOL breaking out of a descending movement. Lately, the cryptocurrency has experienced a significant correction. $SOL #Solana is Road to the $333 pic.twitter.com/6FXD3FSKyQ — Captain Faibik (@CryptoFaibik) January 30, 2024 But the last 24 hours have been positive for th...

NFT marketplace Magic Eden has launched its web3 wallet Emmy, featuring multichain compatibility for improved utility. The new wallet broadens the scope of compatibility, functioning seamlessly with Solana, Bitcoin, Polygon, and Ethereum, and is tailored specifically for users active in the NFT marketplace and those engaged in cross-chain collecting. In its official announcement on Jan. 29, Magic Eden conveyed its enthusiasm about the wallet’s public release, underscoring its potential to transform the NFT industry for both collectors and traders. The need for a “singular, unified wallet,” as identified by Magic Eden, led to the collaboration with the Exodus wallet team, resulting in the creation of the Emmy wallet.  Introducing Magic Eden Wallet: the only wallet you'll need for all your multi-chain NFT needs. Instant cross-chain swaps NFT portfolio management Native Ordinals & BRC20 support End to end rare sats management Plus we have some amazing perks ...

Digital assets manager CoinShares says institutions are pulling out of crypto exchange-traded products (ETPs) to the tune of $500 million weeks after the U.S. Securities and Exchange Commission (SEC) approved a spot BTC exchange-traded fund (ETF) earlier this month. In its latest Digital Asset Fund Flows report, CoinShares finds that even though crypto investment products saw massive out flows last week, Grayscale out flows are slowing down a bit. “Digital asset investment products saw significant out flows from a global perspective, totaling US $500 million… Recent price declines prompted by the substantial out flows from the incumbent ETF issuer (Grayscale) in the US totaling US $5 billion (since 11th January 2024), have likely prompted further out flows other regions. The out flows in Grayscale last week totaled US$2.2 billion, although data suggests out flows are beginning to subside as the daily total continued to reduce towards over the we...

Victoria, Seychelles, January 29th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of De.Fi (DEFI) in the Innovation Zone and Web3 Zone. Through this strategic listing, Bitget continues its mission to pioneer innovative blockchain and crypto ecosystem developments. De.Fi (DEFI) is making waves as the Web3 SocialFi & Antivirus platform, revolutionizing accessibility and gamification capabilities while integrating cutting-edge risk mitigation technology. This comprehensive approach aims to unlock opportunities and cater to the ever-expanding investor base. In the spirit of innovation, De.Fi has designed and implemented a series of security solutions over the past four years. Notably, its De.Fi Antivirus Suite, which is officially utilized by Coingecko, zkSync, Fantom, and various others, has successfully prevented over $1.1 billion of users’ funds from being stolen in 2023. Gracy Chen, M...

The South Korean karaoke blockchain platform Somesing lost access to 730 million SSX tokens worth $11.58 million due to a hack. According to a blog post by Somesing, the hack occurred on Jan. 27. Among the stolen SSX tokens, 504 million were still unallocated tokens that were initially scheduled to go into circulation by the end of 2025, and 226 million SSX tokens were in the possession of the fund. “As a result, 489 million SSX tokens have been over-circulated compared to the circulation volume under the original circulation supply plan as of the end of January 2024.” Somesing team The project team stressed that the hacking incident is not associated with any member of the Somesing squad and is believed to have been carried out by professional hacker(s) who specialize in hacking virtual assets. The platform team involved the police to investigate the incident. The Klaytn Foundation (Somesing operates on the organization’s blockchain) and Interpol partner Uppsala Security are...

OpenSea’s CEO said the NFT marketplace is keeping an open mind toward acquisition deals. The platform continues to trail behind Blur in daily and monthly trading volume.  OpenSea’s CEO alleges Blur is cutting regulatory corners in its operations.  Devin Finzer, the Chief Executive Officer (CEO) of the NFT marketplace OpenSea, hinted the company is open to being acquired as it looks to retake lost market share and reestablish its dominance, DL News reported.  According to that report, Finzer mentioned in an interview that the company is open-minded toward deals, including being acquired. “The honest answer is that we take a pretty open-minded approach,” Finzer said in the interview. “We think that if the right partnership comes along, then that’s something we should certainly consider.” However, the executive maintained that OpenSea is not actively looking for an acquisition nor keeping an eye out for one. Finzer’s statements come amidst a continued strugg...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Of all the areas poised to be upended by the integration of AI into defi, “intents” and “solvers” are high on the list and could potentially reshape the financial landscape forever. You might also like: Crypto’s skeptics have a tougher case to argue in 2024 | Opinion At its core, an intent represents a market participant’s desired outcome translated into an actionable directive. Imagine seeking Bitcoin (BTC) at a pre-determined price—that’s an intent. Enter an AI-powered solver, a sophisticated algorithm wielding the power of vast data analysis and machine learning. It could scour on-chain and off-chain realms, not just to secure the best execution but to predict market movements, identify hidden opportunities, and tailor complex trade requests to your unique risk profile and financial goals.  Intent and solve...

The Shiba Inu team opened opened ‘land bids’ in SHIB: The Metaverse in April 2022. It’s going to be nearly two years after the event, yet SHIB: The Metaverse has not launched. Investors had purchased lands in the Metaverse during a 3-day event two years ago. A section of plots were up for grabs and Shiba Inu holders unlocked and purchased the lands using Leash token. Nonetheless, not many details about the upcoming development were released by the SHIB team. The lands available for sale include Shiboshis Zone, Leasing Hubs, Diamond Teeth, Platinum Paw, Golden Tail, and Silver Fur. Also Read: Shiba Inu: AI Predicts SHIB Price For Jan 31, 2024 When Will Shiba Inu’s SHIB: The Metaverse Launch? Source: Unsplash Speculations were rife during early 2023 that SHIB: The Metaverse could be released by the end of the same year. However, we are now in January 2024, and the project is yet to see the light of day. The major focus was given to the launch of the Shi...

Ripple CTO David Schwartz elaborates on the notion of XRPL AMM, ensuring a secure investment. Anodos founder Panos uses the analogy of a self-running market stall to compare with AMM. Though AMM does not guarantee any yield, it boasts the ability to turn volatility into yield. In an insightful conversation with Panos, the founder of Anodos Finance, Ripple CTO David Schwartz elaborated on the upcoming implementation of XRPL AMM (Automated Market Maker). In a detailed Analysis , Schwartz shared insights on the secure investment guaranteed by XRPL AMM. The conversation was ignited by Panos, who brought forward an analogy of a self-running market stall to compare with AMM. He clarified that the AMM adjusts prices according to trading activity, just like traditional market products’ prices are dependent on supply and demand. An AMM is like a self-running stall at a market that always has items to trade. The price of items isn't set by any one person but i...

The acquisition of Metaco positions Ripple as a one-stop shop for institutions entering the crypto space Ripple’s partnership with HSBC signals their strategic entry into the $10 trillion crypto custody market. Secure custody solutions are vital as institutional investors become key players in the growing crypto market. Ripple’s strategic foray into the boomingcrypto custody market has been a hot topic of discussion, especially in light of its partnership with global banking giant HSBC. Tony Edward, the Founder & Host of the Thinking Crypto Podcast, had a recent interview with David Schwartz, the CTO of Ripple.  During this interview, Schwartz discussed Ripple’s strategic move into the cryptocurrency market. He particularly emphasized the importance of providing a comprehensive solution for institutional adoption of cryptocurrencies. David Schwartz of #Ripple talks partnership with Metaco and HSBC's plans with Metaco's #...

Jan 25, 2024 at 11:11 // Price Author Coin Idol The altcoins listed below are experiencing rejection at their recent highs. The rejection has caused altcoins to fall below moving average lines, potentially leading to further selling pressure. We will talk about a few different cryptocurrencies. SATS The SATS (1000SATS) price has fallen below the moving average lines. In recent price activity, the altcoin has been in an uptrend, reaching a high of $0.0009430 on December 15, 2023. The price of the cryptocurrency fluctuated and tested the barrier at $0.000...

TLDR TRON plunges 3% in a week, and more losses are coming by month’s end. Polygon loses 10% in a week, but experts expect bulls to come soon. Rebel Satoshi has generated a 120% ROI thus far, with more presale gains coming. Top altcoins like TRON (TRX) and Polygon (MATIC) have performed poorly as the Crypto market continues battling a renewed bearish force. On the other hand, Rebel Satoshi  ($RBLZ), an emerging meme coin, has left mainstream investors in awe after raising over $1.5 million during its ongoing public presale. Why are TRON and Polygon investors gravitating toward Rebel Satoshi? Continue reading to find out! TRON Dips 3% in a Week: More Losses Incoming? TRON has performed unsatisfactorily over the past seven days. On January 15, TRX was changing hands at around $0.1130. Notably, TRX reached this level due to the January 13 news of Justin Sun announcing that the USDT circulating on the TRON network had surpassed $50 billion....

Taiwanese prosecutors are investigating alleged fraud and money laundering at ACE Exchange. Chenhuan Wang, the president of ACE Exchange, is asked to be detained amid suspicions of fraudulent activities.  ACE Exchange issued statements regarding Pan’s arrest, Wang taking over as president, and cooperation with the investigation. Taiwanese prosecutors have taken a significant step in the ongoing investigation into alleged fraud and money laundering at ACE Exchange. They have requested the Taipei District Court detain Chenhuan Wang, the president of ACE Exchange, amid suspicions of involvement in fraudulent activities. This development follows the earlier detention of David Pan, the founder of the company, who was accused of orchestrating fraudulent schemes. The Taipei District Prosecutors Office confirmed that Wang, who also serves as a partner in the Chien Yeh law offices, was summoned by prosecutors along with four other individuals after police c...

BONK’s rising momentum could help the token retest $0.000012. WIF climbed to $0.32 and could rise to $0.40 if buying pressure increases. Buyers refrained from accumulating ANALOS, as the price continued to drop. The underwhelming state of the market has not only spread in Bitcoin’s (BTC) and altcoins directions but also reached meme coins. Meme coins, especially those built on the Solana (SOL) blockchain, have been feeling the heat. An assessment of CoinMarketCap’s data showed that the top three Solana memes, including Bonk (BONK), dogwifhat (WIF), and analoS (ANALOS), experienced notable drawdowns. Bonk (BONK) At press time, BONK’s price was $0.00001102, indicating that its value had dropped by 20.70% in the last seven days. Last year, BONK was one of the best-performing tokens, as its all-time performance jumped 9,857%. From the 4-hour BONK/USD chart, the price has kept descending. Also, the chart showed that the $0.00001565 next was a major poi...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flare Network, an Ethereum Virtual Machine (EVM) layer-1 platform for blockchain interoperability, is on board ing Google Cloud as an infrastructure provider .  You might also like: Flare and Kinetic partner to expand defi capabilities This partnership marks a significant milestone for Flare, bringing one of the world’s leading cloud computing providers on board. It also marks the first time Google Cloud is providing infrastructure services to a decentralized oracle system. A press release on Jan. 22 noted that Google Cloud will play a dual role as an infrastructure provider on Flare. First, it will support the network’s security by validating new blocks on the blockchain. Second, it will contribute to Flare’s native oracle, the Flare Time Series Oracle (FTSO), by providing decentralized price and data fe...

XRP shows signs of a rebound, backed by on-chain metrics and analyst optimism. XRP’s ‘W’ pattern suggests potential upward movement, reminiscent of the 2017 rally. Gemini’s XRP perpetual contracts signify renewed confidence in XRP’s market potential. In a challenging month for XRP that saw it dropping to around the $0.5 mark, the cryptocurrency now shows signs of a potential rebound. Ali Martinez, a crypto analyst, has highlighted factors suggesting a short-term recovery for XRP. Analyst Insights Offer Hope Drawing on the TD Sequential indicator, Martinez’s Analysis points towards a positive shift in XRP’s trajectory. This optimism is further bolstered by on-chain metrics that reveal positive trends. Large wallet addresses holding between 10 million and 100 million XRP are buying the altcoin, indicating growing confidence among investors. XRP/USD 3-day price chart (source: Ali-charts ) XRP’s developm...